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Moody's cuts Kenya debt rating further into junk
Moody's cuts Kenya debt rating further into junk
by  AFP

Moody's has downgraded Kenya's debt rating further into junk territory and warned the outlook was negative after a wave of protests led the government to abandon proposed tax hikes. The new rating, and Moody's negative outlook for the country, is likely to further increase borrowing costs for the cash-strapped government.

Samsung says 'no disruption' to production despite strike
Samsung says 'no disruption' to production despite strike
by  AFP

South Korean tech giant Samsung said Tuesday that production was not being disrupted despite a three-day general strike by thousands of workers. "There has been no disruption to production," local media quoted Samsung as saying.

River Seine to have flying taxi landing pad at Paris Olympics
River Seine to have flying taxi landing pad at Paris Olympics
by  AFP

France's government on Tuesday gave the go-ahead for construction of a floating landing pad on the River Seine for flying taxis set to be shown off during the Paris Olympics. The landing site will float on the Seine near the Austerlitz railway station in southeastern Paris.

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